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ASX 200 Weekly Wrap: Reality (and GameStop) finally hits ASX – The Motley Fool Australia
Here on our ASX 200 Foolish Weekly Wrap, we look at GameStop mania and the things that moved the ASX 200 and broader share market last week!
The S&P/ASX 200 Index(ASX: XJO) has just endured its worst week since October last year, in a drama-filled week for the ages. Despite this, the index ended up giving investors its fourth month of positive momentum in a row.
As per usual, it was ASX banks and resources shares that were behind the week’s poor performance. Lower iron ore prices and a ‘risk-off’ turn in investor sentiment contributed to last week’s falls.
But all of this was overshadowed by one of the strangest and most-FOMO inducing…
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